§ Miss McIntoshTo ask the Minister for Women if she will make a statement on the number of women holding directorships in FTSE 100 companies; and what this represents as a percentage of the total number of directors. [148398]
§ Ms Hewitt[holding answer 15 January 2004]: The number of female directorships has reached 101 in 2003, up by 20 per cent. on the previous year. Women now account for 9 per cent. of FTSE 100 board members and nearly 4 per cent. are in executive roles.
The Higgs and Tyson reports, which the Government commissioned last year, looked at a number of aspects for improving the overall performance of company boards. The Higgs Review reported on how the quality, independence, and effectiveness of non-executive directors may be strengthened; and the Tyson Report subsequently considered how companies could pursue recruitment of directors from broader and more diverse backgrounds.
The Government strongly support all efforts to improve the diversity and effectiveness of company boards. Since November, my right hon. Friend the Deputy Minister for Women and Equality and I have been meeting Chairs, Chief Executives and senior figures from business to raise awareness about the business case for greater diversity on UK boards and to gather examples of good practice already in place, which we plan to disseminate further to companies, professional bodies and executive recruitment firms.